BTC Could take a pullback (5000 pts downside)
Updated
BTC level of 69000 round level could be crucial
there we have two condition on both sides
but the down the side has more space to move and get more liquidity (4000-5000)
whereas the upside has only 2000 pts space
the favourable sides happens to be pullback and trade on reversal
because once the price crossed above 69000 then soon after there will be resistance of trend line
64,600 and 64,120 is a fvg from daily chart incase we see higher high, higher low on this area will be look for longs
there we have two condition on both sides
but the down the side has more space to move and get more liquidity (4000-5000)
whereas the upside has only 2000 pts space
the favourable sides happens to be pullback and trade on reversal
because once the price crossed above 69000 then soon after there will be resistance of trend line
64,600 and 64,120 is a fvg from daily chart incase we see higher high, higher low on this area will be look for longs
Note
reclaimed upside liquidity now falling back towards the fvg we have drawn at 64000 zoneNote
price has mitigaed out fvg waiting for more price action to form
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.